Industry News

Northrim BanCorp, Inc. today announced its Board of Directors has promoted Michael Martin to serve as Chief Operating Officer of Northrim Bank, effective immediately.. Mike Martin assumes the role of Chief Operating Officer of Northrim Bank and remains an Executive Vice President, General Counsel and Corporate Secretary at both the corporate and bank levels. He is taking over the COO role from Joe Schierhorn, who remains the President and CEO of..."/>
Michael Martin Promoted to Chief Operating Officer of Northrim Bank
ESSA Bancorp, Inc., the holding company for ESSA Bank& Trust, a $1.8 billion asset institution providing full service retail and commercial banking, financial and investment services, today announced that its Board of Directors declared a dividend of nine cents per share. The dividend is payable to shareholders of record as of September 16, 2016, payable on September 30, 2016.. This will be the thirty-fourth consecutive quarter ESSA Bancorp, Inc. has..."/>
ESSA Bancorp, Inc. Declares Quarterly Dividend
Landmark Infrastructure Partners LP today announced that it has completed two separate acquisitions.. In the first transaction, the Partnership acquired 392 tenant sites located in 47 states from Landmark Dividend Growth Fund– G LLC, an affiliate of the Partnership’ s sponsor, Landmark Dividend LLC. Total consideration was $155.7 million, consisting of approximately 3.8 million common units representing limited partner interests in the..."/>
Landmark Infrastructure Partners LP Announces Two Additional Drop-Down Transactions; Acquires Assets Subject to its Right of First Offer and Real Property Interests from Sponsor
Apple to pay back taxes to Ireland, saying the country gave the tech giant illegal tax benefits worth up to 13 billion euros, or $14.5 billion. The commission said Apple's tax deal with Ireland allowed the company to avoid paying taxes on almost all the profits generated by sales of Apple products across the single-market European Union. Ireland has a corporate tax rate..."/>
Apple slammed with $14.5 billion back-tax penalty in Europe [East Bay Times]
PBF Energy Inc. announced today that the company's management will participate in the Barclays CEO Energy-Power Conference on September 7, 2016. The company's presentation will be available on the Investor Relations section of the PBF Energy website at www.pbfenergy.com. About PBF Energy Inc. PBF Energy Inc. is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related..."/>
PBF Energy to Participate in the Barclays CEO Energy-Power Conference
Willis Towers Watson, a leading global advisory, broking and solutions company, will bring over 400 jobs to its new 92,000- square-foot technology hub and service center located at 1144 W. Washington St., Tempe, AZ.. A photo accompanying this release is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c6063dee-1d78-4a62-b233-b16946fdc7c3. The new center opens at 10:00 a.m. on Tuesday, August 30, with remarks by U.S."/>
Willis Towers Watson technology hub and service center bringing over 400 jobs to Arizona
CM Finance Inc today announced financial results for its fiscal fourth quarter ended June 30, 2016.. Decline in NAV per share to $11.90 per share from $11.96 per share as of March 31, 2016 Investment portfolio declined by $4.2 mm, or 1.6%, from last quarter, to $272.1 mm at fair value Three new investments with a cost of $15.3 mm and an average yield of 10.60% were made during the quarter Two investments were fully realized during the quarter Weighted average..."/>
CM Finance Inc Reports Results for its Fiscal Fourth Quarter ended June 30, 2016
Ocwen Financial Corporation, a leading financial services holding company, along with the Seattle King County NAACP, announced today that they will host a Help& Hope for Homeowners borrower outreach event in Des Moines, Washington on September 10, 2016. The event will be held in Des Moines to attract borrowers from Seattle and Tacoma as well as the surrounding areas, where delinquency rates remain relatively high.. The event for Ocwen customers will..."/>
Ocwen and NAACP to Hold Homeowner Outreach Event in Washington State
Camden National Corporation announced today that its Board of Directors has approved a three-for-two stock split to be effected in the form of a stock dividend on the Company's common stock. The three-for-two stock split is payable September 30, 2016, to its common shareholders of record at the close of business on September 15, 2016. Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would..."/>
Camden National Corporation's Board Announces Three-for-Two Stock Split
Sterling Bancorp, today announced that it has priced a private offering of $65 million aggregate principal amount of its 5.25% fixed-to-floating rate subordinated notes due 2026. The offering, which is expected to close on or about September 2, 2016, subject to customary closing conditions, is a reopening of the Bank's previous offering of $110 million aggregate principal amount of 5.25%..."/>
Sterling National Bank Announces Pricing of Subordinated Notes Offering
Monroe Capital Corporation announced today that its Board of Directors has declared a distribution of $0.35 per share for the third quarter of 2016, payable on September 30, 2016 to stockholders of record as of September 15, 2016. The Company has adopted a dividend reinvestment plan that provides for reinvestment of distributions on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. As a result, when the..."/>
Monroe Capital Corporation Announces Third Quarter Distribution of $0.35 Per Share
WP Glimcher to Washington Prime Group. COLUMBUS, Ohio---- Washington Prime Group Inc. today announced that its Board has appointed Sheryl von Blucher as a director of the Company effective immediately. Her appointment fills a vacancy on the Board created by the retirement of Marvin L. White at the conclusion of the Company’ s annual meeting of shareholders held earlier today."/>
Washington Prime Group Announces Appointment of Sheryl von Blucher to Board of Directors
Capital Southwest Corporation announced the closing of a four-year syndicated revolving credit facility led by ING Capital LLC in the initial amount of $100 million, with an accordion feature that provides for expansion of the facility up to $150 million, subject to customary conditions. The facility will bear interest at a rate of LIBOR plus 3.25% per annum, with no LIBOR floor. The Credit Facility has a maturity date of August 30, 2020.."/>
Capital Southwest Announces Closing of $100 Million Secured Revolving Credit Facility
TCP Capital Corp. announced today that it intends to privately offer, subject to market and other conditions, $100 million in aggregate principal amount of convertible senior unsecured notes due 2022. In addition, the Company expects to grant the initial purchasers of the Notes an option to purchase up to an additional $15 million in aggregate principal amount of the Notes to cover overallotments. The Notes will be offered in a private..."/>
TCP Capital Corp. Announces Private Offering Of Convertible Senior Notes Due 2022
National General Holdings Corp.. Best has also affirmed the ICR of“ bbb-” of NGHC and its issue ratings and indicative issue ratings."/>
A.M. Best Affirms Ratings of National General Holdings Corp. and its Subsidiaries
Delek Group Ltd., controlled by Yitzhak Tshuva, has reported a decline in its second quarter revenue to NIS 1.43 billion, from NIS 1.67 billion in the corresponding quarter of 2015.. The group's gross profit was NIS 502 million in the second quarter of 2016, which compares with NIS 456 million in the corresponding quarter of 2015. Its net profit shot up 263% to NIS 80 million compared with NIS 22 million in the corresponding quarter of 2015.."/>
Delek Group Q2 profit up 262% [Globes, Tel Aviv, Israel]
Leader Capital Markets Ltd. reported today that it had signed an agreement to sell its underwriting and brokerage operations (its holdings in subsidiaries Leader Underwriters Ltd. and Leader and Co. Investment House Ltd. to a group of buyers, headed by Amit Vardi, for NIS 25 million. According to the agreement, the buyers will pay Leader Capital Markets NIS 10 million in cash upon deal completion, and the rest of the sum will be lent by the seller to the buyer's parent company,..."/>
BRIEF: Leader sells underwriting and brokerage operations [Globes, Tel Aviv, Israel]
Real Mex Turnaround Goes From Mild To Hot
Stewart Information Services Corporation concerning possible violations of the law. If you purchased or otherwise acquired shares of Stewart and would like more information regarding the investigation, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you."/>
INVESTOR ALERT: Goldberg Law PC Announces an Investigation of Stewart Information Services Corporation and Advises Investors to Contact the Firm
Quantum Corp. office complex in northern Colorado Springs has fallen into foreclosure, joining two buildings that were foreclosed on last week, El Paso County Public Trustee's Office records show. An $8.1 million foreclosure notice was recorded Tuesday against a limited liability company controlled by NorthStar Realty Finance Corp., a New York real estate investment trust that owns a 121,020- square-foot building at 10285..."/>
Owner of Colorado Springs office building hit with $8.1 million foreclosure [The Gazette (Colorado Springs, Colo.)]

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